Underlying inflation measures · Australia
Australia Monthly CPI Indicator
The Australia Monthly CPI Indicator is an alternative measure of underlying inflation in Australia, built to strip out one-off price jumps without simply dropping whole categories.
- Importancia
- Medium
- Publicado
- Monthly
- Divisa
- AUD · Australian dollar
- Banco central
- The Reserve Bank of Australia
Últimas cifras
El último dato, de SEP, se publicó el 2025-10-29 y fue 3.5%. Está por encima del consenso de 3.1%. Es más que 3% la vez anterior.
A higher figure than expected makes the Reserve Bank of Australia more likely to keep rates high or raise them: it tends to support the Australian dollar and push bond yields up, and is often a weight on stocks.
En las últimas 10 publicaciones osciló entre 1.9% y 3.5%, con una media de 2.5%. Ha subido tres publicaciones seguidas.
| Publicado | Para | Real | Consenso | Anterior |
|---|---|---|---|---|
| 29 Oct 2025 | SEP | 3.5% | 3.1% | 3% |
| 24 Sep 2025 | AUG | 3% | 2.9% | 2.8% |
| 27 Aug 2025 | JUL | 2.8% | 2.3% | 1.9% |
| 30 Jul 2025 | JUN | 1.9% | 2.1% | 2.1% |
| 25 Jun 2025 | MAY | 2.1% | 2.3% | 2.4% |
| 28 May 2025 | APR | 2.4% | 2.3% | 2.4% |
| 30 Apr 2025 | MAR | 2.4% | – | 2.4% |
| 26 Mar 2025 | FEB | 2.4% | 2.5% | 2.5% |
| 26 Feb 2025 | JAN | 2.5% | 2.6% | 2.5% |
| 29 Jan 2025 | DEC | 2.5% | 2.5% | 2.3% |
Por qué importa
the Reserve Bank of Australia watches these measures to judge whether inflation is broad-based. When they agree with the headline, the trend is real; when they diverge, a few items are distorting the picture.
Cómo se calcula
A trimmed mean removes the items with the largest and smallest price changes (for example the top and bottom 15% by weight) and averages the rest; a weighted median takes the price change in the middle of the distribution. Other variants hold mortgage interest costs fixed or use common components.
Qué significan los cambios
- A trimmed mean or median near the target is the clearest sign that inflation is under control.
- When the headline jumps but these do not, the move is likely temporary.
Mayor de lo esperado: A higher figure than expected makes the Reserve Bank of Australia more likely to keep rates high or raise them: it tends to support the Australian dollar and push bond yields up, and is often a weight on stocks.
Menor de lo esperado: A lower figure than expected gives the Reserve Bank of Australia room to cut or hold rates lower: the Australian dollar tends to soften and bond yields to fall.
Una breve historia
Trimmed means were developed in the 1990s (Bryan and Cecchetti at the Cleveland Fed); the Reserve Bank of Australia and the Bank of Canada give them a central place in their policy.
Preguntas
What is the Australia Monthly CPI Indicator?
The Australia Monthly CPI Indicator is an alternative measure of underlying inflation in Australia, built to strip out one-off price jumps without simply dropping whole categories.
What was the latest Australia Monthly CPI Indicator?
3.5% for SEP, published on 29 October 2025 (consensus 3.1%, previous 3%).
Solo contenido educativo, no asesoramiento de inversión. Las cifras son los resultados publicados según los registra nuestro calendario; las reacciones del mercado descritas son típicas, no garantizadas.